Guests

Richard Johnson: Senior fellow and director of the Program on Retirement Policy at the Urban Institute

The effects of the recession have been felt in all age groups, but recent statistics suggest that baby boomers may have been hit hardest of all.

"Americans nearing retirement age have suffered disproportionately after the financial crisis," reports The New York Times' Economix blog. "Along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply."

Not everyone sees the numbers this way.

"The financial foundation of leading-edge boomers looks stronger in the aggregate than commonly assumed and it's likely to improve in coming years," writes Chris Farrell in Bloomberg Businessweek.

Farrell and Richard Johnson, senior fellow and director of the Program on Retirement Policy at the Urban Institute, join The Daily Circuit to discuss the fate of America's baby boomers.